WebOct 22, 2024 · 1. Prior Approval under the Banking Regulation Act, 1949. Acquisition of shares or voting rights (to the extent of 5% or more of the paid-up share capital) in Private Sector Banks. Fresh acquisition of shares or voting rights (in excess of 10%) by existing shareholders. Procedure for above 2 cases- Make an application to RBI along with ... WebApr 6, 2024 · RBI keeps repo rate unchanged at 6.5%; Laid-off techies struggle for jobs; Focus on scale to cut logistics costs: Goyal; Musk replaces Twitter's blue bird logo with 'Doge' meme
Subsidiary vs Branch: Know the Differences - Corpbiz
Web1 day ago · According to a Reuters report, NTPC which is the largest power producer in the country is likely to divest 25 per cent of its green energy arm through a public offering. Earlier, NTPC had planned to sell 20 per cent stake in NGEL to a strategic investor for Rs 3,000 crore. Earlier, three bidders had ... WebApr 11, 2024 · Notably, deposits up to Rs 5 lakh in all scheduled banks, which includes small finance banks, are covered under the Depositor Insurance Program of DICGC, an RBI subsidiary. This insurance program covers each depositor of each scheduled bank for cumulative deposits (including fixed, current, savings and recurring deposits) of up to Rs 5 … nothing is sadder than a second love
Formation of a wholly owned subsidiary in india (the process)
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